Saturday, March 5, 2016

All Very Wealthy Powerful Michigan Companies With Market Caps Above $5 Bil Generated Annual 2015 Total Earnings of $32 Bil, Up a Massive 100% Over 2014 ..... On the Other Hand, All Smaller Michigan Companies With Market Caps of $1 Bil to $5 Bil Generated Total Annual 2015 Earnings of $3 Bil, Precisely Flat With 2014 Earnings, and All Smallest Michigan Companies With Market Caps of $40 Mil to $1 Bil Generated Total Earnings of a Very Modest $0.372 Bil, Down 11% From 2014 ..... The Republican Establishment (Cruz, Rubio and Michigan Governor Rick Snyder) and the Democratic Establishment (Hillary Clinton and Debbie Stabenow) See Nothing Wrong With Focusing Only On Just Helping Michigan's Wealthiest Corps ..... On the Other Hand, Bernie Sanders, a Strong Supporter of President Obama's Very Successful Auto Bailout, Still Thinks That It Is Not Right That the Smaller Michigan Companies Are Not Being Helped By Both the Republican and Democratic Establishments

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Real Earnings (Losses) From Continuing Operations, Predominately Audited, for the most recent Annual 2015 and 2014 for each of  the 61 Michigan HQed Companies with current stock market capitalizations of more than $40 mil and which also have reported their 2015 financial statements with the SEC:


 Annual   Annual     




2015 2014




Net Net Increase Increase


Income Income (Decrease) (Decrease)
Michigan Largest Companies City State 2015 (Loss) (Loss) Amount %
Market Cap $40 mil or More HQs HQs FYE  $ mils  $ mils  $ mils
Market Cap Above $5 Bil






Ford Motor Dearborn MI Dec 15              7,371              1,230              6,141 499%
General Motors Detroit MI Dec 15              9,615              4,018              5,597 139%
Dow Chemical Midland MI Dec 15              7,783              3,839              3,944 103%
Stryker Kalamazoo MI Dec 15              1,439                 515                 924 179%
Whirlpool Benton Harbor MI Dec 15                 822                 692                 130
Lear Corp Southfield MI Dec 15                 796                 702                   94
Domino's Pizza  Ann Arbor MI Dec 15                 193                 163                   30
WABCO Holdings Rochester Hills MI Dec 15                 286                 301                 (15)
Kellogg Battle Creek MI Dec 15                 614                 633                 (19)
Ally Financial Detroit MI Dec 15                 897                 925                 (28)
BorgWarner Auburn Hills MI Dec 15                 646                 688                 (42)
Perrigo Allegan MI Jun 15                 128                 205                 (77)
Delphi Automotive PLC Troy MI Dec 15              1,261              1,380               (119)
Masco Corp Taylor MI Dec 15                 396                 868               (472)






   
Total all 14 with Market Cap Over $5 Bil


           32,247            16,159            16,088 100%








Market Cap $1 Bil to $5 Bil






Flagstar Bancorp Inc Troy MI Dec 15                 158                 (69)                 227
Sun Communities Inc Southfield MI Dec 15                 170                   33                 137
Visteon Corp Van Buren Township MI Dec 15                   42                 (75)                 117
American Axle & Manufacturing Holdings Detroit MI Dec 15                 236                 143                   93
Ramco-Gershenson Properties Trust Farmington Hills MI Dec 15                   67                   (2)                   69
Herman Miller Inc Zeeland MI May 15                   98                 (22)                   68
Cooper-Standard Holdings Inc Novi MI Dec 15                 112                   45                   67
Metaldyne Performance Group Inc Plymouth MI Dec 15                 126                   73                   53
Federal-Mogul Holdings Corp Southfield MI Dec 15               (111)               (161)                   50
LA-Z-Boy Inc Monroe MI Apr 15                   69                   60                   47
Steelcase Inc Grand Rapids MI Feb 15                   86                   88                   39
Credit Acceptance Corp Southfield MI Dec 15                 300                 266                   34
Gentex Corp Zeeland MI Dec 15                 318                 287                   31
Penske Automotive Group Bloomfield Hills MI Dec 15                 334                 305                   29
Neogen Corp Lansing MI May 15                   34                   28                   27
Diplomat Pharmacy Flint MI Dec 15                   25                     5                   27
Gentherm Inc Northville MI Dec 15                   95                   70                   25
Chemical Financial Corp Midland MI Dec 15                   87                   62                   25
Universal Forest Products Inc Grand Rapids MI Dec 15                   85                   62                   23
SpartaNash Co Grand Rapids MI Dec 15                   63                   59                     4
Syntel Inc Troy MI Dec 15                 253                 250                     3
Wolverine World Wide Inc Rockford MI Dec 15                 123                 134                 (11)
Talmer Bancorp Inc Troy MI Dec 15                   60                   91                 (31)
Taubman Centers Bloomfield Hills MI Dec 15                 193              1,278            (1,085)








Total all 24 with Market Cap $1 Bil to $5 Bil


             3,023              3,010                   13 0%








Market Cap $40 Mil to $1 Bil






TriMas Corp Bloomfield Hills MI Dec 15                 (29)                   47                 (76)
Spartan Motors Charlotte MI Dec 15                 (17)                     1                 (18)
Esperion Therapeutics Inc Ann Arbor MI Dec 15                 (50)                 (36)                 (14)
Meritor Inc Troy MI Sep 15                   66                 284                 (13)
Horizon Global Corp Bloomfield Hills MI Dec 15                     8                   15                   (7)
Universal Truckload Services Inc Warren MI Dec 15                   40                   45                   (5)
Covisint Southfield MI Mar 15                 (39)                 (36)                   (3)
Perception Inc Plymouth MI Jun 15                   (0)                     2                   (2)
Choiceone Financial Services Sparta MI Dec 15                     6                     6                    -  
Isabella Bank Corp Mount Pleasant MI Dec 15                   15                   14                     1
Unique Fabricating Auburn Hills MI Dec 15                     5                     4                     1
Independent Bank Corp MI Ionia MI Dec 15                   20                   18                     2
Macatawa Bank Corp Holland MI Dec 15                   13                   10                     3
Mackinac Financial Corp Manistique MI Dec 15                     6                     2                     4
MBT Financial Corp Monroe MI Dec 15                   12                     7                     5
Conifer Holdings Birmingham MI Dec 15                   (0)                   (7)                     7
Rockwell Medical Inc Wixom MI Dec 15                 (14)                 (21)                     7
Mercantile Bank Corp Grand Rapids MI Dec 15                   27                   17                   10
Agree Realty Corp Bloomfield Hills MI Dec 15                   40                   19                   21
Kelly Services  Inc Troy MI Dec 15                   54                   24                   30
Rofin-Sinar Technologies  Plymouth  MI Sep 15                   41                   25                   35
Silver Bay Realty Trust Corp Plymouth MI Dec 15                 (10)                 (57)                   47
Tower Intl Inc Livonia MI Dec 15                 178                   37                 141








Total all 23 with Market Caps of $40 Mil to $1 Bil

                372                 420                 (48) -11%








Total all 61


           35,642            19,589            16,053 82%

The huge auto giant FCA (Chrysler) US LLC has not yet reported its December 2015 financial statements with the SEC and thus it was not included with the above Michigan Companies with market caps above $5 Bil.  Its earnings for the first nine months of 2015 reported to the SEC were $3.246 Bil, which was an off-the-charts SIX TIMES its earnings for the first nine months of 2014 of $0.540 Bil, thereby even topping Ford Motor's 499% annual earnings growth in 2015.

I have to wonder what the percentage increase in the workers pay in 2015 was for these Auto Giants?  Where's the economic fairness?  And have the union leaders of Ford Motor, Chrysler and General Motors informed the union members of the magnitude of the off-the-charts 2015 Earnings Increases of these three Auto Giants?

The massively off-the-charts 2015 Earnings Increases of these three Powerful, Wealthy Auto Giants when the workers driving these Earnings Increases are rewarded such meager amounts directly addresses Bernie Sanders' point about why Income Inequality keeps expanding.  The Democratic and Republican Establishments say they are for the US auto worker, but by their actions, are focusing intensely only on the success of the Giant Auto Corporations.  And the Earnings Numbers bear this fact out.

For Hillary Clinton to publicly state that Bernie Sanders was against the Auto Bailout shows just how dishonest she is.  For the record, there was one stand alone US Senate vote for President Obama's Auto Bailout.  Bernie Sanders enthusiastically voted for it and Hillary knows that.

Michigan voters are wise and won't be fooled by the purposely dishonest comment Hillary Clinton made here.  It gets to the core of who she is as a person.  Just like her husband Bill, she plays to win at all costs, even to go so far as to publicly lie to the audience in a critical debate that Bernie Sanders was against the Auto Bailout when she clearly knows that he enthusiastically was for it.  Such dirty politics is similar to what the Republicans are constantly doing in their debate.  Unlike Hillary, Bernie is flat-out authentic and totally honest.
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